Li Auto Shares Plunge Nearly 13% over Weaker Q2 Guidance

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TMTPost -- The American Depositary Receipts (ADRs) of Li Auto Inc. plunged as much as 16.5% in the morning trading of Monday, their biggest intraday losses since October 2022. Shares settled around 12.8% lower to US$21.71, the lowest close since March 2023, after Chinese electric vehicle (EV) maker posted weaker-than-expected guidance for the current quarter.Credit：Li AutoLi Auto disclosed mixed financial result